The fundamental problem associated with the U.S. healthcare system is that:Rapidly rising U.S. health care costs have:A. reduced the ability of many Americans to afford healthcare.B. slowed the growth of real wages.C. caused Federal and state governments to restrict spendingon nonhealth budget items.D. done all of these.8. The fundamental problem associated with the U.S. healthcare system is that:A. the financing of health care through insurance has resultedin the underallocation of resources to the health careindustry.B. frivolous malpractice suits have increased malpracticeinsurance premiums for doctors.C. at the margin the value of health care services may be lessthan the value of alternative goods and services.D. there are too many general practitioners and not enoughspecialists.9. The unemployed are disproportionately represented amongthe uninsured because:A. one must be working to qualify for Medicaid.B. most workers obtain health insurance through theiremployers.C. most are young and in excellent health, so they choose notto purchase health insurance.D. a large percentage of the unemployed are heads ofsingle-parent families.10. The health care market is characterized by:A. important ethical-equity considerations.B. asymmetric information between providers and consumers.C. third-party payment of health care costs.D. all of these.11. Health care:A. is an inferior good.B. is a normal good.C. is highly elastic with respect to price.D. has a price elasticity of 1.